The Declaration of Independence and Constitutional Law Essay

In order for one to understand American Constitutional law, one must first look to the Constitution; and therefore, look to the federal government established in the Constitution. The federal government is purposefully divided into three branches: the legislative branch that makes the laws, the judicial branch that interprets the laws, and the executive branch that puts the laws into effect. Article VI, Clause 2, sets up the Constitution as â€Å"the supreme Law of the Land;† and therefore, legislators, judges, and presidents must comply with the standards set in the Constitution. Judges, then, have the function to interpret what the Constitution means and have the responsibility to ensure laws adhere to the Constitution. Thereby, the†¦show more content†¦Evidently Lincoln, more so than others, upheld the view of the Declaration to its original purpose of securing people’s rights on the basis of the governed. Lincoln stated that it if were not for the Declarati on the states would not have been able to declare its freedom from Great Britain, but also, would not have been able to â€Å"secure our free government, and consequent prosperity.† Lincoln proceeded to move closer to the Declaration’s principles because he felt that to do other wise would strip the Constitution from its moral base. Also referring to the principles of the Declaration, Lincoln drew for a verse in the Book of Proverbs – â€Å"A word fitly spoken is like apples of gold in pictures of silver,† – and said that â€Å"the assertion of that principle[s], at that time, was the word, ‘fitly spoken’ which has proved an ‘apple of gold’ to us. The Union, and the Constitution, are the picture of silver, subsequently framed around it. The picture was made, not to conceal, or destroy the apple; but to adorn, and preserve it. The picture was made for the apple not the apple for the picture.† The Declaration and it s principles are the apple of gold and the Constitution if the picture of silver. Considering the importance of the ideas in the Declaration, it is essential to understand their true meaning. But in a modern age ofShow MoreRelated Americas Abandonment of Natural Law Essay1185 Words   |  5 PagesNatural Law      Ã‚  Ã‚  Ã‚   The Declaration of Independence forthrightly states We hold these truths to be self evident: that all men are created equal, that they are endowed by their Creator with certain inalienable rights; that among these are life, liberty, and the pursuit of happiness. The origin of these Rights is ...the Laws of Nature and of Natures God... (Declaration of Independence). The Founders used the principle of Natural Law as the basis for the Declaration of Independence as wellRead MoreKosovo Case Analysis1230 Words   |  5 PagesThe case presented was in response to the independent declaration of liberation by the government of Kosovo. A demand for an advisory opinion was requested from the International Court of Justice (ICJ). In order to provide this advisory opinion, it should be determined if the International Court of Justice has the jurisdiction in the case being presented. Even though the leading paragraph of Article 96 allows for an advisory opinion to be reque sted when it comes to â€Å"any legal question, the ICJ hasRead MoreWhy the ratification of the constitution was a good thing1595 Words   |  5 Pagesnational level and applicable today. It was developed and adopted by the Constitutional Convention in Philadelphia in May and September, 1787. The Constitution of 1787 followed the adoption of the Declaration of Independence on July 4, 1776. The U.S. Declaration of Independence, as the precaution of the U.S. Constitution, is a historical document in which the British colonies in the North America declared the independence from Great Britain, which was unanimously adopted by the Second ContinentalRead More George Mason Essay1019 Words   |  5 Pages(he had given his son a plantation named Lexington), in citizens rights, and a non-tyrannical central government (Miers 41). He was known as a great debater, the best that James Madison had ever seen. Mason spoke up many times during the constitutional convention, about different subjects he strongly believed in. During the convention, Mason was directly and strongly involved with the topics of the electoral college, slavery, the Bill of Rights, and a strong central government (Solberg 280)Read MoreU.s. Constitution And The Declaration Of Independence Essay1115 Words   |  5 PagesThe U.S. Constitution and the Declaration of Independence are two very important documents in the founding of our nation. This essay compares how these two documents are linked together, but also how they are clearly different. Though both documents were created near the same time, the Declaration of Independence was actually written first. It was written by Thomas Jefferson and was adopted by congress on July 4, 1776, what we know today as Independence Day. The U.S constitution though, was not adoptedRead MoreThe United States Constitution And The American Declaration Of Independence1525 Words   |  7 PagesAmerican Declaration of Independence The Constitution of the United States of America is always touted and considered by many across the globe as one of the most liberal and people-friendly Constitutions in the world over. This assertion flows from the lofty language with which the document was written by its drafters and further inherent in the subsequent amendments. It represents the supreme law of the U.S, having been promulgated back in 1778. On the other hand, The Declaration of Independence is theRead MoreThe Constitutional Convention Of The Constitution1179 Words   |  5 Pagesframers of the constitution either attended or graduated college, were involved in the American Revolution, and had already been involved in the government. The Constitutional Convention was a meeting held in Philadelphia between May and September of 1787. There, delegates discussed revisions to the United States Government. The Constitutional Convention was held in order to address the problems of the weak central government that existed under the Articles of Confederation. Many of the ideas that wereRead MoreDocumentations That Made Up The United States Of America1749 Words   |  7 Pagesin Philadelphia, Pennsylvania where five men were appointed to be a part of a comity to write the Declaration of Independence and become liberated from the British government. The Declaration of Independence is one of the most important documents in American history. It tells the major ideas that the Founders had about government. Eventually, after several rough drafts of the Declaration of Independence by Thomas Jefferson, a final draft was written and finally approved by the Second Continental CongressRead MoreThe Declaration Of Independence By Thomas Jefferson1670 Words   |  7 Pagesin Philadelphia, Pennsylvania where five men were appointed to be a part of a comity to write the Declaration of Independence and become liberated from the British government. The Declaration of Independence is one of the most important documen ts in American history. It tells the major ideas that the Founders had about government. Eventually, after several rough drafts of the Declaration of Independence by Thomas Jefferson, a final draft was written and finally approved by the Second Continental CongressRead MoreCommon Sense Vs. Declaration Of Independence957 Words   |  4 PagesCommon Sense v. Declaration of Independence Common Sense written by Thomas Paine in January of 1776, enlightened its readers and ignited the colonists towards the American Revolution. Common Sense was the first document that established a suggestion towards a constitutional form of government. The foundation of the main points in Common Sense were the upbringing of the Declaration of Independence. The Declaration of Independence was written by Thomas Jefferson in July of 1776 approximately 7 months

Legal Drinking Age in the United Kingdom - 1112 Words

The United Kingdom is known for its high volume of alcoholics. It only makes sense that if the adults are drinking, then the teenagers are drinking too. The country has been allowing the young kids to drink since they were five, in private areas, and sixteen in a public place. Although the law has been approved before, some people think that it should not be legal for such young children to drink. The legal drinking age should be at least 18, because children that young are still developing and alcohol has many negative effects on the body. Many Briton teens have been exposed to alcohol, but it is having a very bad impact on their overall health. British teenagers are the fifth most likely group in Europe to admit to binge drinking. The British girls are the heaviest drinking in Europe, while the boys fall in at third, behind Malta and Latvia. This increase in consumption has attributed to more cases of liver disease, which costs the NHS more than 1 billion Euros a year (telegraph.co.uk). â€Å"Statistics, based on a 2007 report from the European School Survey Project on Alcohol and other Drugs, showed that 55 percent of girls in the UK consumed five or more drinks at least once a month† (telegraph.co.uk). Why would the government keep allowing these bad habits, which lead to countless deaths, and millions of alcoholics across the country? The government gets revenue from liquor sales, which would explain why they are not all about trying to keep teenagers from drinking.Show MoreRelatedThroughout History, The Un ited States Has Taken On Several1288 Words   |  6 PagesThroughout history, the United States has taken on several policies regarding the minimum legal drinking age that vary in age as well as in state and federal enforcement of the limit. 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Every four years they vote to elect both the president and various other authorities. Any citizen over the age of 18 may vote. The

Diferrence Between Management and Administration Free Essays

Management Vs Administration Page 1. INTRODUCTION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. We will write a custom essay sample on Diferrence Between Management and Administration or any similar topic only for you Order Now 2 †¢ Meaning of Administration†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2 †¢ Meaning of Management†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2 2. THE MAIN BODY†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 4 †¢ The differences between administration and management with practical examples†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 4 3. CONCLUSION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5 4. REFERENCES†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 According to Haimann,T (1978) â€Å"Managing the Modern Organization’’ Administration means overall determination of policies, setting of major objectives, identification of general purposes and laying down of broad programmes and projects while management is the art getting things done through and with people in formally organized groups (Koontz, H 1961, â€Å"The management theory jungle† Administration is the universal process of organizing people and resources efficiently so as to direct activities toward common goals and objectives. It is a process because it involves a series of steps in organizing people and other resources and thus one step cannot be overlooked while management is a human action including design to facilitate the production of useful outcomes from a system. Another American expert, McFarland (1962) in his book, â€Å"American Foundation for Management Research† he defined administration as refers to the determination of major objectives and policies while management to the carrying out of the operations designed to accomplish the aims and effectuate the poicies. Therefore it may appear that both the terms, namely administration and management are connotative of one and the same meaning, but there is actually some kind of differences between the two as follows. Administration is the science of determining the policies and objectives of an organization or a firm, while management is the act of putting into practice the policies and objectives framed by the administration. It can thus be said that administration is a determinative function whereas management is executive function. Feature article about  Production Management It is executive in the sense that it executes the objectives and policies that are already framed by the administration and included in the constitution. A good example can be taken from our Tanzanian ministerial model where by Ministers take roles of formulating broad objective, policies and goals for the ministry (administrator) while the interpretation and the execution of the laid down policies objectives and goals remain in the hands of directors and other responsible personnel (managers) Also administration comprises of top level personnel that have contributed to the capital, that are partners of the company or the organization while management comprises of a group of managers that exhibit their skill in putting into practice the objectives of the organization. It can be simply said that the management is directly under the control of administration or the administration controls the management. For example, financial institution managers like bank managers exhibits their managerial skills by increasing the capital or profit of the bank so as to fulfill the pre laid down objectives by the board of directors or owner (administrator). Therefore management would survive if the administration is satisfied by the management academic show. Hence management should strictly comprise of talented managers that show their ability in translating into practice what the administration expects of them. Moreover planning is the key factor of an administration while motivation is the key factor of management. Planning of all activities in a specified period of time of an organization is done by the administration then management determine on how the planned interventions in a given time can be accomplished whereby it may involve some motivations in most cases so as to raise morale of performance. It is important to note that administrative handles the most vital aspect of an organization, namely, finance. This is due to the fact that administration organizes resources so as to use them to fulfill their mission. While management does not handle the sensitive issue of finance but does handle the method of operation to carry out the strategy of the administration. Therefore managers must be expert of the relevant field he/she work. For example, bank manager must be an expert of the financial field like accounts, business administration e. tc Administration also takes vital decisions of an organization whereas management is not authorized to take vital decisions of an organization but can take decisions within a certain framework, by the approval of the administration. For example, bank managers cannot decide to have business agreement or contracts like loans without prior approval by the administration. Also administration is made of administrators who are in most cases found in government, religious, military and educational organizations, while management is made up by managers who are found in special programs and business institution only. CONCLUSION In general, administration is concerned with the overall determination of policies and objectives and setting of major goals and laying out the broad programmes, whereas, management denotes execution of the objectives and programmes. REFERENCES †¢ Haimann, T. (1978) Managing the Modern Organization, 2nd Edition, Houghton Mifflin Harcourt (HMH). †¢ Saleemi, N,A (2011), Principles and practice of Management Simplified, 2nd Revised Edition, Saleemi Publication LTD. †¢ Koontz, H. (1961) The Management Theory Jungle, in Journal of the academy of Management. †¢ Lecture hand out PUB 113 How to cite Diferrence Between Management and Administration, Essay examples

A Review of the Movie Coach Carter free essay sample

While some players refuse to even attempt to meet these new standards, those who stay find themselves capable of, and dreaming of a future that had never once entered their minds. The following is a brief review of the challenges faced by both coach carter and his team, and the decisions and methods made and used by the coach to press his team on to success both on and off the court. Summary First we will quickly assess the challenges faced by Ken Carter as a coach and leader to this group of young men. He inherits a team of selfish, showy players, concerned only with their own stats and not doing the little things it takes to make the team a winning one. He moves into a school that seems to be supportive of the idea that these kids have no future beyond highschool and that the boys should be allowed to enjoy this temporary releif from a life where there are 4 times more likely than to go to college. The students alost have issues outside of school with one player looking at potential fatherhood and another player involved with gangs and drugs. If this was not enough the coaches own son transfers from a private prep school in order to play for his father. A basic breakdwon of these challenges into more generic ideas would look like this. The leader moves into an organization where those underneath him have no respect for his or the organizations values. There is no strucure in place for their success both individually or corporatly. Those in positions above him seem indifferent to the problems facing their charges, they are just trying to make it through the day. Also, there is a possible challenge of dealing nepotism in regards to showing favoritism towards his own son. In order to deal with these many issues Coach Carter had to instill his own strucure from the very beginning. To be firm in his convictions and actions while maintaining the compassion that would be needed to break down the walls of his players. If he were to waver at all the players would jump on him and his cause would be lost in an instant. These players had no stability in their lives outside of the gym, so it was critical to his and their success that there was something they could cling to no matter how turbulent their lives may be. They key to all of these issues was respect. The players had no respect for the game, their coaches, or themselves. In order for them to change, they had to understand the value that he placed on them and to understand that he saw things in them that they had not bothered to look for. There were so many variables outside of Ken Carters control. Turbulent home life, pressure to make it out of an economically depressed area, and the lack of cooperation from the students teachers and administration where lying in wait for the coach. Not only were their outside issues but there was also issues within the team. Lack of talent was not an issue however which helped to spur the team on to success once the proper structure and motivation was put in place. The players he was charged with leading bickered amongst themselves, ignored the previous coach, and disrespected the game and their opponents while being more concerned with their own pride than winning the games. From the beginning the goal for Coach Carter was to focus on the wellbeing of the students, to make them winners, not just on the court but in life. He imposed strict standards and when the students failed to meet them they were met with harsh consequenses, incudling being suspended from the team and the entire team being locked out of the gy muntill their grades improbed. He put himself on the line as coach to back up the idea that he was more concerned with their progress as men and students than on their success as bsketball players. While demanding respect and dealing swiftly with indescretions by his players he also displayed compassion towards these young men, allowing them to work their way back onto the team, and bringing one player back twice after his cousin was chot in front of him in a drug deal gone bad. The focus on this movie was on the development of the players as people more than the basketball teams success, however the systems put in place by Coach Carter for both paths ran paralell to one another. He began with the basics, conditioning and fundementals on the court, respect and discipline in life. Moving on to offense on the court and thinking about the future in real life. This was done on both ends to prove that what sets you up for success in the future is the decisions and habits that you implement today. The things that take the hardest work most often offer the greatest rewards. Application So what can I take from this story as it relates to my future in both coaching and athletic administration. The biggest concept that i have taken from this movie is the idea of respect and discipline. To have respect for the players i lead and the organizations within which i am given responsibilities. To lead those under me to an understanding of both their intrinsic and extrinsic value and to press them towards growth within and outside the confines of sports and careers. Finally the concept of discipline as a means to freedom. To work so hard on the foundation of excellence so that when the moment comes to leap forth and seize the goal, no thought will be given to the long hard hours of training and work, but the ingrained habits will propel us upwards to the realization of excellence in all our endeavors.

The 1st Stasimon in Sophocles play Oedipus the King is mainly showing the Chorus Essay Example For Students

The 1st Stasimon in Sophocles play Oedipus the King is mainly showing the Chorus Essay The 1st Stasimon in Sophocles play Oedipus the King is mainly showing the Chorus confusion in regards to Tiresias accusations made towards Oedipus. The Chorus seem terrified and powerless, and, like Oedipus, do not want to believe the accusations. They feel that the gods know the truth, yet will not reveal it, thus feeling as though the gods are of no real help. There are many issues and techniques to be discussed in regards to the 1st Stasimon, one of these being the significance of the section. The real significance of the 1st Stasimon is that it shows the reader how much of a respected role model Oedipus is to the community of Thebes; they will not accuse him until true proof has been revealed about the incident. This can be shown from the third quote in the 1st Stasimon handout. It reads: No, not till I see these charges proved will I side with his accusers. This shows that the Chorus considers Oedipus to be a true leader, and hence will follow him regardless. We will write a custom essay on The 1st Stasimon in Sophocles play Oedipus the King is mainly showing the Chorus specifically for you for only $16.38 $13.9/page Order now Another factor of significance in the first stasimon is that it shows the audience how the Chorus believes that Oedipus was brought to Thebes for a reason; this being to bring joy back into the city. The fourth quote in the handout is a good example of this: We saw him thenà ¢Ã¢â€š ¬Ã‚ ¦with our own eyes his skill, his brilliant triumph à ¢Ã¢â€š ¬Ã¢â‚¬Å" there was the test à ¢Ã¢â€š ¬Ã¢â‚¬Å" he was the joy of Thebes! Through this quote we can see admiration shown towards Oedipus due to his defeat against the Sphinx, and ridding the city from the curse. This brought joy back into the city, and turned Oedipus into a hero. Another issue raised in the 1st Stasimon was gender representation. Gender representation played a minor role in the First Stasimon. In this section, all well respected people or gods were men; the only woman mentioned in the text was the Sphinx, whom was rather referred to as the she-hawk. This can be seen in quote 7 in the 1st Stasimon handout. Hawks are considered to be evil birds, and are often in some texts considered to be possessed by the Devil, which shows that the Sphinx was not respected whatsoever, and was considered evil. Also, when the Chorus was trying to solve the question of who killed Laius, they basically ruled out the thought that the killer could be a woman. This can be seen in quote 6, which reads: Who is the man the voice of god denounces? This shows that nobody believes that a woman could ever have killed Laius, perhaps because physical strength would have been needed, and women were not expected to carry any physical strength. Had the chorus had thought that a woman may have killed Laius, they probably would have asked who is the person the voice of god denounces? The issue of Inequality of Power was also raised in the 1st Stasimon. The great gods were considered to have the highest level of power, Oedipus being next, and the prophets and seers being the lowest of powers along with the Chorus. This can be seen in quote 8 on the 1st Stasimon handout, when the Chorus was trying to prove that Tiresias could not know the real truth. Quote 8 reads: Zeus and Apollo know, they know, the great masters of all the dark and depth of human life. But whether a mere man can know the truth, whether a seer can fathom more than I This shows that the Chorus feels as though seers have the same power as the chorus, and therefore would know no better. However, they also see the gods to be of high power, and so would believe anything they say. The chorus sees Oedipus to be of higher power than them, as they call him their king. This can be seen through quote 9 on the handout, which reads Never will I convict my king, never in my heart. Another issue to be discussed in the 1st Stasimon is Accusation, Distrust and Denial. The whole Stasimon is based around the one main accusation; this being the accusation made towards Oedipus by Tiresias. The chorus is unsure of whether to believe the accusation, or to follow their king, which brings the issue of distrust into the text. The Chorus are unsure as to whether they can trust what the prophet has said to them, as they cannot see how a murder could be brought between Laius and the son of Polybus as they know Oedipus to be. This can be seen through a number of quotes within the 1st Stasimon, two of these being quotes 10 and 11 on the handout given. Quote 10 reads: The skilled prophet scans the birds and shatters me with terror! I cant accept him, cant deny him, dont know what to say. This explains how the prophet has searched for the murderer of Laius, and has found the person to be Oedipus, which shatters the Chorus with terror. The Chorus do not want to accept the prophets findings, yet cannot ignore them, and so are unsure of whether Oedipus did in fact murder Laius. Quote 11 reads: and what could breed a blood feud between Laius house and the son of Polybus? This shows that the Chorus cannot see what conflict between Laius and Polybus could have ever brought upon a murder such as this, and so are once again unsure as to whether they should believe the prophets words. .u7b810b7c32778756c9e94c3116439092 , .u7b810b7c32778756c9e94c3116439092 .postImageUrl , .u7b810b7c32778756c9e94c3116439092 .centered-text-area { min-height: 80px; position: relative; } .u7b810b7c32778756c9e94c3116439092 , .u7b810b7c32778756c9e94c3116439092:hover , .u7b810b7c32778756c9e94c3116439092:visited , .u7b810b7c32778756c9e94c3116439092:active { border:0!important; } .u7b810b7c32778756c9e94c3116439092 .clearfix:after { content: ""; display: table; clear: both; } .u7b810b7c32778756c9e94c3116439092 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u7b810b7c32778756c9e94c3116439092:active , .u7b810b7c32778756c9e94c3116439092:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u7b810b7c32778756c9e94c3116439092 .centered-text-area { width: 100%; position: relative ; } .u7b810b7c32778756c9e94c3116439092 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u7b810b7c32778756c9e94c3116439092 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u7b810b7c32778756c9e94c3116439092 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u7b810b7c32778756c9e94c3116439092:hover .ctaButton { background-color: #34495E!important; } .u7b810b7c32778756c9e94c3116439092 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u7b810b7c32778756c9e94c3116439092 .u7b810b7c32778756c9e94c3116439092-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u7b810b7c32778756c9e94c3116439092:after { content: ""; display: block; clear: both; } READ: Great Expectations By Charles Dickens Essay ThesisThe issue of Denial is brought into the first stasimon when the Chorus comes to the conclusion that they should follow their king, as they see him as a well-respected role model. Hence they wish to deny the accusations, and try to ignore the bad that has been brought upon their king. This can be shown from quote #13 on the handout, which reads: Never will I convict my king, never in my heart. This basically shows that they will never turn upon Oedipus, and hence will deny all accusations turned to him. The role of beliefs is a very important issue in the 1st Stasimon. During the whole text of Oedipus the King, prophecies have always been trusted and acted upon, and never questioned. However, as the 1st Stasimon reads on, the Chorus starts to believe that what Tiresias accusation states may not be true. The Chorus hears of the prophecy about Oedipus, yet still says that they will never convict their king, which basically shows that they are turning away from the prophecy, and are instead suggesting that the role of power in Greek society is more important than prophecies. Because Oedipus is of high power, he is respected, and the prophecies made against him are ignored. Although the prophecies are not trusted, the great gods still remain important and well trusted. The Chorus believes that the gods know the truth as to who killed Laius, yet will not reveal it. Hence the gods are not thought of as helpful to the city as they were previously considered, yet are still considered to know the truth. This can be seen through quote 15 on the handout, which reads: Zeus and Apollo know, they know, the great masters of all the dark and depth of human life. This shows that the Chorus sees the gods as to know the dark and depth of all human life, yet still keep the truth hidden. Another issue discussed in the text is Elements of a Greek Tragedy. Three elements of a Greek Tragedy discussed in the 1st Stasimon are hamartia, peripeteia, and nemesis. The issue of hamartia was brought into the text, as the accusation made towards the protagonist brought a downfall of character. Oedipus was accused of killing his father, which in turn affected his loyalty and trust according to some characters. The Chorus can see the downfall of character, as described in quote 17 on the handout, which reads: The dark wings beating around him shrieking doom, the doom that never dies, the terrorà ¢Ã¢â€š ¬Ã‚ ¦ This shows that the Chorus can see evil catching up on Oedipus, and bringing doom to him, which will never end. Peripeteia is mentioned, as the Chorus can see Oedipus future changing. Oedipus has not yet been exiled from Thebes, yet the Chorus can see his luck and fame changing. This can be seen in quote 18 on the handout, which reads: to attack his fame that rings around Thebes. This shows that the Chorus can see something changing what the community thinks about Oedipus; the accusation will attack his fame that rings around Oedipus. Like the issue of peripeteia in the 1st Stasimon, the issue of nemesis has not yet been brought up, but the Chorus can see the gods falling down on Oedipus, and can see them changing his luck to bad. This can be seen through quote 19 on the handout, which reads: Apollo son of the Father lunges on him, lightning-bolts afire! The Chorus can see the anger within the gods, as they hunt down on the killer of Laius, whom is Oedipus. Another point of discussion within the 1st Stasimon is the attitudes portrayed by the Chorus towards Oedipus. The Chorus gives a very loving affect/attitude towards Oedipus. They seem as though to feel sympathetic towards him, and in their hearts hope that the accusations made towards Oedipus are not true. They also show a very loyal attitude to their king, as they say that they will never side with him until real proof has been shown about the incident. The Chorus also shows admiration towards Oedipus, when describing his defeat against the Sphinx, and saved the city of Thebes from its curse. Quotes 20, 21 and 22 on the handout relate to the attitude portrayed by the Chorus, in regards to Oedipus. Quote 20 reads: Never will I convict my king, never in my heart. This shows the loyal and loving affect given to Oedipus, as the Chorus do not want to leave his side, even though he is accused of murder. Quote 21 reads: No, not till I see these charges proved will I side with his accusers. This also shows loyalty and respect to Oedipus, as they are saying that they will not leave him until true proof has been revealed. Quote 22 reads: we saw him then, when the she-hawk swept against himà ¢Ã¢â€š ¬Ã‚ ¦his skill, his brilliant triumphà ¢Ã¢â€š ¬Ã‚ ¦he was the joy of Thebes! This shows the admiration shown towards Oedipus, as they admired his skill and triumph, and they basically said that he was the person who brought joy back into Thebes. Symbolism, metaphors and similes play a rather crucial role in the structure of the 1st Stasimon. The words chosen in the text help describe the occurrences, which give a deeper impact on the audience. .ud5f62f92b72252afc0cbbd2fb36cec53 , .ud5f62f92b72252afc0cbbd2fb36cec53 .postImageUrl , .ud5f62f92b72252afc0cbbd2fb36cec53 .centered-text-area { min-height: 80px; position: relative; } .ud5f62f92b72252afc0cbbd2fb36cec53 , .ud5f62f92b72252afc0cbbd2fb36cec53:hover , .ud5f62f92b72252afc0cbbd2fb36cec53:visited , .ud5f62f92b72252afc0cbbd2fb36cec53:active { border:0!important; } .ud5f62f92b72252afc0cbbd2fb36cec53 .clearfix:after { content: ""; display: table; clear: both; } .ud5f62f92b72252afc0cbbd2fb36cec53 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ud5f62f92b72252afc0cbbd2fb36cec53:active , .ud5f62f92b72252afc0cbbd2fb36cec53:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ud5f62f92b72252afc0cbbd2fb36cec53 .centered-text-area { width: 100%; position: relative ; } .ud5f62f92b72252afc0cbbd2fb36cec53 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ud5f62f92b72252afc0cbbd2fb36cec53 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ud5f62f92b72252afc0cbbd2fb36cec53 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ud5f62f92b72252afc0cbbd2fb36cec53:hover .ctaButton { background-color: #34495E!important; } .ud5f62f92b72252afc0cbbd2fb36cec53 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ud5f62f92b72252afc0cbbd2fb36cec53 .ud5f62f92b72252afc0cbbd2fb36cec53-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ud5f62f92b72252afc0cbbd2fb36cec53:after { content: ""; display: block; clear: both; } READ: Pointless characters to play EssayThe Chorus speech within the 1st Stasimon is full of images of caves, darkness, lightning, and wings. By reading these terms used, the audience is given an image of darkness, the unknown, and most significantly, terror of the gods. These terms were used as to show the bad occurrences that were to come of the killer of Laius, the anger of the gods to the murderer, and also gives a more mystified approached as to who actually killed Laius. An image of darkness can be shown in quote number 23, which reads: the dark wings beating around him shrieking doom, the doom that never dies, the terror. By reading the words dark, shrieking, doom, and terror, we are automatically given a bad feeling towards the quote, and we could sense that bad was going to come. Also, in quote 24, which reads: Apollo son of the father lunges on him, lightning-bolts afire! And the grim unerring Furies closing for the kill. , the words lunge, lightning-bolts, grim, and furies, give yet another deep impact on the audience, and we an automatically sense the anger within the gods, and can see the desperation to catch the killer of Laius. In quote 25, which reads: Now under bristling timber up through rocks and caves he stalks like the wild mountain bull, the words rocks, caves, stalks, wild and bull are used, which once again gives a negative impact on the audience. From these words the reader senses darkness and mystery, which gives a deep impact and further enhances the text. Metaphors and similes were used effectively when describing a variety of issues brought up in the text. A good example of this is quote 26 on the handout, which reads: when the she-hawk swept against him. By using the word she-hawk to describe the Sphinx, a bad image is instantly cast on the Sphinx, and the audience is led to think that she is evil. A good use of similes is also used when describing the killer hiding in mystery, in quote 27, which reads: Like a wild mountain bull. By the using the word wild we think of the killer being set as an outcast leaving society as to hide from the gods. Another technique to discuss in the 1st Stasimon, is diction. The diction used in the 1st Stasimon is very important. Its powerful tone and emotion emphasised the Chorus speech, enabling the Chorus to give a large impact on the audience. By using words such as darkness, doom and terror, the Chorus is able to give a dark and mysterious atmosphere to the play, whereas by using the words skill, brilliant, triumph, and joy, the Chorus sent a light and positive atmosphere to the audience. An example of powerful tone and emotion is quote 29 on the 1st Stasimon handout, which reads: beating around him shrieking doom, the doom that never dies, the terror. By using the words doom and terror there is a deep and dark impact on the audience, creating a very powerful atmosphere. The last technique to discuss relating to the first stasimon is structure and syntax. The structure of the 1st Stasimon has very little difference as to the rest of the play. Some minor differences in the first stasimon is the fact that there are no stage directions etc, but this is because there is only one part in the text; no characters move during the text. There are some minor roles of sentence structure within the first stasimon, these being the use of à ¢Ã¢â€š ¬Ã‚ ¦, exclamation marks, and the use of short paragraphs. à ¢Ã¢â€š ¬Ã‚ ¦s were used as they gave a sense of uncertainty in the text, and also shows that what the speaker is saying is not yet finished, however perhaps he/she does not know anything else to say. An example of this is quote 30 on the handout, which reads: I cannot see whats to come, whats still to comeà ¢Ã¢â€š ¬Ã‚ ¦ By using the à ¢Ã¢â€š ¬Ã‚ ¦ at the end of the speech, you can sense uncertainty in the chorus, as they are unsure as to what may happen next to Oedipus, they are uncertain about his future. Exclamation marks are used to create depth in the text, and to show excitement in the speakers voice. An example of this is quote 31 on the handout, which reads: he was the joy of Thebes! Through the use of the exclamation mark, you can see that the chorus is happy with what he had just spoken, as there is excitement in his words. Short paragraphs were used once again create depth. Through the use of short paragraphs, the facts are given and are to the point, which shows exactly what is needed to be said, without elaborating too much. An example of a short paragraph is quote 32 in the handout, which reads: Cased in armour, Apollo son of the Father lunges on him, lightning-bolts afire! and the grim unerring Furies closing for the kill. As you can see, this is a very short paragraph, however simply states the anger of the gods, and shows that they are searching for the killer of Laius. The main points are spoken and are to the point, without it being too overelaborated.

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Background of the Problem Last June 30, 2009, a trade pact in the form of a memorandum of agreement (MOA) was signed between the Gulf Cooperation Council (GCC) and the 10 country-members of the Association of Southeast Asian Nations (ASEAN) (TradeArabia, 2009). The said MOA focuses on building a trade bloc between the GCC and ASEAN, and also explores the possibility of a Trade and Investment Framework Agreement (TIFA) and a free trade agreement (FTA). The trade pact was signed after the first successful GCC-ASEAN ministerial meeting held in Manama, Bahrain, wherein the ministers approved a two-year working plan in improving trade relations between GCC and ASEAN countries (TradeArabia, 2009; ArabNews.com, 2010). A trade and investment road map in the form of the GCC-ASEAN 2010-2010 action plan was adopted on the second GCC-ASEAN ministerial meeting held in Singapore in May 2010 (ArabNews.com, 2010; Press Trust of India/bilaterals.org, 2010; The Malaysian News Agency, 2010). In an article by the Press Trust of India (2010) as cited by bilaterals.org (2010), the GCC and ASEAN have agreed to further enhance trading and investment opportunities as well as collaboration in the areas of improving the economy, commercial and business enterprise, education whilst promoting mutual respect through culture and media by way of the ASEAN-GCC Two-Year Action Plan (2010-2012) . However, in the recent press release of the ASEAN Secretariat (www.asean.org, 2010) a free trade agreement between the two blocs was not brought up. Business Dictionary defines free trade agreement as a treaty between countries that essentially reduces tariffs and barriers on goods and services, although capital and/or labor may not move freely (businessdictionary.com). These agreements specify the rules and for trade between or among signatory countries (Sen, 2004, p. 1). Free trade means trade of goods and services (not necessarily capital and labor) between countries that is free from tariffs and other trade barriers imposed by the governments of those countries (Bhagwati, 2002, p.3). It is considered as the building block for economic integration in a region (Sen, 2004, p. 1). Free trade is based on the principle of comparative advantage first proposed by David Ricardo (Case Fair, 1999, pp. 812-818). Ricardos theory of comparative advantage asserts that countries could produce goods more efficiently if they specialized at producing the good(s) which they produce most efficiently and bought all other goods from other nations specializing in producing those goods (Case Fair, 1999, pp. 812-818). According to this theory, specialization will make production of goods more efficient and thus, bring down prices. Therefore, if goods can freely enter a country, advocates of free trade suggest consumers would benefit because of the lower prices of goods (C ase Fair, 1999, p. 818). WTO and other reports have stated that free trade agreements have started to proliferate between countries and even between trading blocs (Crawford and Fiorentino, 2005, p. 2; Razeen, 2006). Of regional trade agreements reported to the WTO as of 2005, 84 per cent are free trade agreements (Crawford and Fiorentino, 2005, p. 3). The WTO reports that the uncertainty of the fate of the Uruguay Round (1986-1994) has prompted countries to pursue their own preferential deals, mostly bilateral, or involving two countries, with other nations (Crawford and Fiorentino, 2005, p. 6). The more aggressive countries or trading blocs are the European Union, Australia, Japan, Singapore, New Zealand, and the United states and Canada. The ASEAN and the GCC are both lagging behind in creating deals, but the member countries, particularly of the ASEAN are forging their own FTAs with other countries such as Japan, South Korea, and China (Crawford and Fiorentino, 2005, pp. 6-8). It has been observed that trade among the Arab states has been relatively small compared to other regions (Hassan and Tarik, 2010). This is despite the observation that members of the GCC have common economic and social characteristics (Fasano and Iqbal, 2003). But the GCC is trying to catch up with regard to forming free trade agreements as a bloc with other countries and trading blocs (Hassan and Tarik, 2010). It has signed a free trade agreement (GSFTA) with Singapore in 2009 and has since experienced a growth in investments from and an increase in trade with this country. The GCC consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates and was formed in May 1981 (Fasano and Iqbal, 2003). Its aim is to promote cooperation and peace among member nations. The member countries of the GCC have all undergone diversification from dependence on oil into trade and services-centered economies. The GDP per capita in these countries are among the highest in the world (Fasano and Iqbal, 2003). The members of the ASEAN, however, have followed a different track. Instead of forming free trade agreements as a bloc, each individual member of the ASEAN has began to forge free trade agreements with other countries such as Japan, South, Korea, the United States, and Australia (Razeen, 2006). Singapore is the most aggressive of these countries, having signed a free trade agreement with the GCC in 2009 (iAdvisory, 2009). However, the region has started talks as a bloc for free trade agreements with China, Australia New Zealand, and the GCC (China Embassy, 2004; Xinhua, 2008; Tradearabia, 2009). The ASEAN was formed in 1967 in Bangkok, Thailand through the signing of the ASEAN Declaration by the five founding members, namely: Indonesia, the Philippines, Malaysia, Thailand and Singapore. It was later joined by Brunei Darussalam in 1984, Vietnam in 1995, Lao PDR and Myanmar in 1997, and finally, Cambodia in 1999. Thus, today ASEAN has ten member countries (ASEAN website). With the signing of the memorandum of agreement between the GCC and ASEAN for in 2009 (Tradearabia, 2009) and the adoption of the ASEAN-GCC Two-Year Action Plan in 2010, trade and finance officials in these two regions are still on the verge of devising such an agreement that would be agreeable to all involved. The Joint Vision in 2009 built the economic partnership between the two regions on the following areas: economic, cultural, scientific and social, and aims to promote people-to-people contacts. On the other hand, the two-year action plan expands its cooperation and collaboration along the areas of trade and investment, economic and developmental cooperation, education and training, culture and information, and mutual consultation in international matters (ASEAN Secretariat, 2010). Research Objectives The researchers believe that this paper would be timely as it attempts to point out possible key issues and concerns that the business enterprise might come up against in operating within the GCC. It is a fact that business organizations and companies are the driving forces behind trade. Thus, the point of view of these organizations will have to be considered for a free trade agreement to prosper. Therefore, the purpose of this paper is to identify possible issues and concerns that should be addressed in order for a free trade agreement between the GCC and the ASEAN to be useful and beneficial for all signatory parties. Issues that could be significant for the government and other stakeholders, but are not of particular important to the business community (for example, labor and environmental issues), will not be considered. Expected Outcome Through this research, we hope to uncover key issues that are seen by businesses in both the ASEAN and the GCC as roadblocks to free trade between the two regions. We anticipate that lack of information about each others markets, and the convoluted regulatory policies of each region will be primary concerns. Also, the unification of standards for export products, particularly in the electronic sector may be another crucial issue. These concerns will be discussed in detail. The literature will also be consulted for possible solutions on how to address the issues. Such possible solutions will be incorporated in the conclusion and recommendations portion of the paper. Methods of Examination Literature Review Due to time constraints, the researchers opted to use literature review as a method for identifying key issues and concerns in the GCC-ASEAN free trade agreement, particularly with regard to trade and other aspects that affect it such as cultural, political, and social environments, will be reviewed in order to identify possible issues and challenges that would be stumbling blocks to reaching a beneficial trade agreement. Research and statistical material on the effects of free trade agreements forged by GCC with other countries, regions, or trading blocs will also be examined to determine issues that have emerged, if any, in these free trade agreements. The same shall be made with regard to the agreements forged by the ASEAN and its member countries with other nations or trading blocs. Techniques and Strategies Used Descriptive analysis such as frequency counts, means, percentages and was used in describing the consolidated report about the identified key issues and concerns surround the GCC-ASEAN free trade agreement. These literature were gathered from published journals, news articles, magazine articles, e-zine and the like. The need to consolidate the information gathered from these materials are very important in order to show a general picture of the key issues and concerns plaguing the business enterprise operating within the GCC-ASEAN free trade agreement. And, thus, inference can be drawn. From the consolidated report, a conceptual framework could be sufficiently drawn, providing a springboard for an intensive enterprise survey in order to assess the effectiveness of the GCC-ASEAN free trade. Analysis and Findings This section describes the literature review conducted by the researchers. In this review, variables under consideration are scrutinized and discussed through presentation of relevant articles focusing on a GCC-ASEAN partnership. The presentation begins with an overview of the GCC as potential target market, followed by a brief discussion of both formal and informal transaction costs in the international marketing scene as variables considered for a successful trading agreement. After which is an analysis of the foreign direct investments (FDI) of the regions concerned so as to assess and somehow predict a successful trade agreement should the key issues and concerns be identified and addressed. The GCC Financial Market The Arab world is characterized by five attributes that have allowed it to benefit from the favourable international economic conditions. First, it owns the worlds largest deposits of energy. It has 58 per cent of all known raw oil reserves and 27 per cent of all proven natural gas reserves. (IMF Country Report, 2009). Second, the Arab world benefits greatly from international remittances. Ratha, Mohapatra and Silwal (2009) in the World Bank Migration and Development Brief 10, cited that the Arab world as a whole again benefited more than other world regions when international remittances quadrupled in 2000-2008. Third, Arab countries have benefited from the global boom in tourism during 2002-2008. Fourth, Arab countries accumulate a lions share of total global development assistance (World Bank, 2009). Fifth, Arab countries accumulated substantial foreign assets of more than US$2500 per inhabitant in 2006 (IMF, 2009). In a study conducted by Zarrouk (2001) entitled A Survey of Barriers to Trade and Investment in Arab Countries wherein a total of 230 companies, which represent the manufacturing and service sectors of Egypt, Gaza-West Bank, Jordan, Lebanon, Saudi Arabia, Syria, Tunisia and the UAE, it was revealed that the trading barriers are most intensive in Gaza-West Bank with a mean of 2.0, followed by Syria (mean = 2.1), Egypt (mean = 2/41), Tunisia (mean = 2.43) and Saudi Arabia (mean = 2.8). Zarrouk (2001) describes the mean score from a scale of 1 (extremely problematic) to 4 (not problematic) (please refer to the table adapted from Zarrouk, 2001). From the result of the study of Zarrouk (2010) it can be inferred that Saudi Arabia figured as a country, wherein an FTA might prove challenging. As to the areas or indicators of what might these trade barriers be. Zarrouk (2010) identified these barriers. First, his study revealed that: Saudi has visa restrictions for business visits There exists local agency laws which allows Saudi nationals only to register for business and to be an agent of a foreign company Saudi customs are biased on Arab-made products but are more lenient to Asian, North American, and European products On the subject of transaction costs, Zarrouk (2010) business enterprises were interviewed as to whether these were not costly (value of 1) to prohibitive (value of 4). It was found out that customs duties and other import charges (mean score of 3.0) ranked first followed by domestic taxes (mean score of 2.6), customs clearance (mean score of 2.5), public sector corruption (mean score of 2.4), inspection/conformity certification (mean score of 2.2), transshipment regulatory measures (mean score of 2.1), and business visa restrictions (mean score of 1.8). Please see table below (adapted from Zarrouk, 2001). When the companies were interviewed about the most restrictive constraints to trade and investment, the study revealed that a primary obstacle is the weak legal system that fail to ensure that the terms of business contracts are honored (Zarrouk, 2001; Abdel-latif, 1992). Second in rank is the restrictive local agency law granting business permits only to nationals. In a similar vein, Newquist (1994) hints in his article for Computer World entitled Breaking a Barrier to Trade that cultural values play a role in trade and investment. For instance, he said that ethnocentricity weakens trade. In a free trade agreement wherein foreign nationals are invited to invest in the region, this factor would have a very negative effect indeed. Third in rank as most restrictive is that foreign nationals are prohibited ownership of real estate. This means that foreign investors have less opportunities of staying longer in Arab countries, thus, the cost of transferring to and fro their home country w ould be quite expensive. In relation to this, Arab countries also puts limits on foreign ownership of equities thus this would mean a slow expansion and growth of businesses. Sadly, corruption, bureaucracy and bad governance also figures in the trade barriers identified by Zarrouk (2001). Meanwhile, less transparent and complex tax systems and para-tariffs were also included in the list of most restrictive barriers. The GCC has been engaging in trade agreements with countries other than the ASEAN. For instance, they also have a free trade agreement with the EU, the NAFTA, the WTO, and GAFTA in as much as it enjoys bilateral trade relations with a host of other countries as Japan, South Korea, China, Singapore and its neighboring Arab countries. Zarrouk (2001) also attempted to interview the business enterprises with regard to the free trade agreements signed by their respective governments. It was revealed in the study (Zarrouk, 2001) that among the trade barriers to a companys growth according to the respondent companies are: There is a lack of clear-cut orientation with regards to free trade agreement benefits given to the business enterprises; Government agencies do not make enough effort to inform the public about the benefits of the agreements; Competition from Asian countries is much stronger, offsetting the benefits of the agreements Implementation problems: Partner countries do not commit to terms and conditions of the agreements Articles of some agreements are left to the interpretation of customs officials Trade agreements do not reduce the numerous administrative procedures, paperwork and red tape Implementation of certain articles of the agreements is not reciprocal Transportation between Arab countries is inadequate. Considering these results of the study of Zarrouk (2001) with specific reference effective free trade barrier which states that Competition from Asian countries is much stronger, offsetting the benefits of the agreements a free trade agreement between the GCC and the ASEAN is highly workable. This is backed up by a shared trading history that have been shared by both regions (Press Trust India, 2010; The Malaysian National News, 2010; Reuters, 2010). Transaction Costs In Economics, a transaction cost is cost associated with exchange of goods or services and incurred in overcoming market imperfections (BusinessDictionary.com). Also known as frictional costs, these are fees and charges incidental to buying, selling, and trading which includes transportation costs, legal fees, communications charges, and even opportunity costs in taking up time and energy in putting up a business venture. As cited by Abdel-Latif (1992), transaction costs cover a wide range of transactions from the conceptualization of putting up an investment until the actual running of the business itself. Generally, transaction costs include: the costs of obtaining information about market conditions in any given foreign market (the quantities and qualities desired and the prices prevailing for each different quality) and the reciprocal costs for agents in foreign countries; the costs of information about government regulations and other policies in both foreign and home markets (including exchange rate policy, exchange restrictions, tariff and non-tariff barriers, and health and environmental regulations); the costs to each potential party of identifying appropriate trading partners in these markets; the costs of negotiating, writing, and enforcing contracts and resolving disputes between the parties; and the costs of financing the transaction, which generally involves a long lag between placing an export order and making final payment for it, and of bearing the risks of default throughout the process. Abdel-Latif (1992) further corroborates that these transactions costs are affected by several factors which includes: differences in language, culture and taste, laws and dispute resolution procedures, income and information sources, the modus operandi of markets, and the extent and character of competition, difficulties of enforcing contracts across countries, and hence the higher risks of payment default. However, these factors are dynamic and changes over time along with the changes in organizational structure, advent of new policies and regulations, use of technology in communications, transportation, and other aspects of the dynamic societal structure whether environmental, socioeconomic, political or cultural. Other factors which may give rise to transaction costs are what is known as asymmetry of information which is elemental to any business relationship. For example, at the level of the rules and regulations, countries may want conditions to look different than they really are or may be unwilling to enforce existing laws. Likewise, the agents responsible for implementing the rules may have little incentive to do so and indeed may have the incentive to leave the interpretation of these rules sufficiently ambiguous so as to generate rents for themselves. Even more relevant and important, each potential trading partner has better information about his own characteristics and propensities (appropriate to defining the terms of the contract) than does the other party, inducing adverse self-selection for any given terms. (Abdel-Latif, 2001) Theoretically, any contract between trading partners details enough fine points for a working partnership to thrive. However, in reality, the details of these contractswhich includes threshing out possible roadblocks as well as scrutinizing everything takes up a lot of time and discussions, and most often ends in stalemate. Thus, the costs of drawing up a very detailed and comprehensive trading pact whose interpretation is transparent and accurate are quite expensive. Moreover, there is a time lag in having these agreements move to and fro the business partners and, thus, there is a likelihood of it being exposed to risks as moral hazards and resorting to shortcut methods in order to get through a deal. Transaction costs in the communications and in dispensing information are exposed to a host of other factors like insufficient insurance systems to keep the transactions private in order to protect the enterprise practices, the non-existence of competitive markets who should have been able to provide services such as that in information and enforcement costs for the reason that there already exists a specified role for an intermediary providing the aforementioned services. Thus, the scenario is that there is a monopoly of the services and upon which the government base its trade intervention and other regulations. Once a business enterprise engages itself in a contract it exposes itself to risks. Hence, after engaging in a contract both parties would naturally protect itself from these purported risks by seeking insurance. Moreover, when the company seeks this insurance it presents itself to an asymmetry of information wherein both parties fall into excessive negotiation costs as well as lags in time which further results to attempt a moral hazard and become opportunistic (Abdel-Latif, 1992). The upside of this is that the degree and magnitude of these problems in transaction costs depends on the salient features of the business in the region, on the regions conducting trade and investment itself, the companies or enterprise involved in the transaction, and even the socio-political and environmental conditions itself. Furthermore, the enterprise itself may just well revive itself and find its own innovative solutions to get over these problems (Abdel-Latif, 1992). Foreign Direct Investment (FDI) Foreign direct investment or FDI refers to any form of investment that earns interest in enterprises which functions outside the domestic territory of the investor (Graham Spaulding, 2010). An FDI calls for a business partnership between a parent company and its foreign subsidiary. The presence of multinational companies concretizes a foreign direct investment. There are two categories of FDIs, inward FDIs and outward FDIs, which depends on the kinds of restrictions the government requires business enterprises to follow. Outward FDIs are direct investments abroad, which requires tax incentives and/or disincentives, and which the government tries to guard from probable risks of any form (Graham Spaulding, 2010). Aside from the classification, a foreign direct investment is motivated by a lucrative market, presence of resources, and efficiency in operating a business in the region (Graham Spaulding, 2010). In any case, a successful free trade agreement between regions base most of its terms and conditions in these three motives. These three motivations are already present in a partnership with GCC and ASEAN. As it is, both regions are said to be complementing each other in the sense that ASEAN countries have a need for the oil industry of the GCC and the GCC countries have a need for the resources, particularly the agricultural sector, for itself. With the advent of new technology developments, more and more companies have been establishing foreign direct investments (Spaulding Graham, 2010). This is partly because communications as well as transportation costs have decidedly become cheaper as compared in the past (Graham Spaulding, 2010). UNCTAD reports that there is an increase in the yearly FDI flow from an average of $10 billion dollars to $20 billion within a decade (from 1970s to 1980s). This growth further hit the roof from $26.7 billion in 1990 to $179 billion in 1998. The amount doubled to $208 billion in 1999. At present, FDIs comprise a bulky portion of global businesses. Satsuya (2009) revealed in his article that among the issues that hinder foreign direct investments, particularly in Malaysia and Thailand, runs parallel with foreign ownership of companies. In the telecommunications sector, distribution and commercial banking, foreign ownership is narrowed to 30 percent. Malaysia limits foreign ownership to industries that have to do with financial industries to 49 percent while foreign banks are only permitted to set up one other branch with a limited number of personnel. But these limitations are not only true with the ASEAN countries like Malaysia and Thailand. Some of the GCC members, like the Saudi Arabia, also imposes its limitations of foreign ownership of real estate and equities. In fact, this corroborates with the study of Zarrouk (2001) wherein he says that Saudi Arabia ranks among those with severe restrictions on foreign ownership in the country. On the other hand, in Bahrain, foreign distribution services could well put up several distribution branches in the country but they are not allowed to participate in direct commercial sales like wholesale and retail. Though the UAE is more friendly to foreign investors offering 100 percent ownership in free trade zones, such as Abu Dhabi, it limits foreign ownership to 49 percent outside the free trade zones. Thus, foreign industry expansions are still limited. Meanwhile, the telecommunications sector remain off limits to foreign ownership as well as the granting of licenses to any foreign bank t o operate as a full-fledged financial institution. Key Issues and Concerns Identified by Independent Papers Along the domestic spheres, Sasuya (2009) identified these factors which the government enforces in order to safeguard most of its defunct local commerce, and thereby contributing to the evolution of trade and investment in the region. Some of these measures involve dependence on subsidies, setting up of importation quotas and exacting high taxes on imports. By so doing, while the GCC and ASEAN regions inadvertently protects its industries from trade it also prevents foreign investments from entering the picture (Sasuya, 2009). In the same manner, it is because of these trade defensive measures that there are deadlocks on negotiations such as a free trade agreement which generally banks in reducing tariffs on imports. For instance, when Japan and South Korea started negotiating a free trade agreement with Thailand, Malaysia and the Philippines, angst rose from the terms regarding its agricultural tariffs and issues arising from full-ownership of an agricultural company of a foreign n ational also emerged, especially from the Thai end. According to the Commerce Minister Somkid Jatusripitak, who was also its Deputy Prime Minister, their refusal to bring down tariff on rice imports is due to the fact that 70 percent of the Thais are rice farmers (Satsuya, 2009). In Malaysia, this barrier is much more extensive. With the Malaysian government instigating its Bumiputera development policy, which operates in favor of the ethnic Malay majority who incidentally belong to borderline economy, thereby affecting not only trade but the flow of foreign direct investments. Thus, by refusing to reduce tariffs on rice imports the government is actually protecting its constituents but is, in a way, increasing the transaction costs incurred by this particular deadlock. In the manufacturing sector, high tariffs also act as trade barriers. In Malaysia for instance, automobile imports have high taxes to protect its local automobile industry, Proton. Even if the Thais do not manufacture any automobiles, the country is sponsoring the industry as part of its industrialization scheme in which they envision becoming an auto manufacturing center. Meanwhile, the textile industry is also shielded in the sense that it imposes 20-30 percent tax on all imports (Satsuya, 2009). There exists a statistical relationship between trade influx and political climate. According to Bergeijk (1992) a country with good diplomatic relations also increases its chances of getting bilateral business trades as well as drawing in foreign investors. However, the researcher also warns not to put too much emphasis on this variable as it has less contribution than other economic variables. Nevertheless, the fact that it contributes some amount of influence on the way companies conduct their business should not be discarded. Aside from political and diplomatic relations, a separate study finds that environmental constraints in the form of policies of the region also act as a trade barrier (Kohn, 2003). For instance, if and when a foreign investor should want to import a product which proves to be more polluting than the existing domestic product, the company woul

Dorothy Parker Essay -- essays research papers

*** "Inventory" 'Four be the things I am wiser to know: Idleness, sorrow, a friend, and a foe. Four be the things I'd been better without: Love, curiosity, freckles, and doubt. Three be the things I shall never attain: Envy, content, and sufficient champagne. Three be the things I shall have till I die: Laughter and hope and a sock in the eye.' *** Dorothy Parker became popular shortly after the first world war with her light verse and short stories. Although her works may not seem harsh and unwomanly today, they were labeled in this manner at the height of her popularity. Her cynical verses developed into something of a national frenzy, while giving the reader the impression that she recklessly stretched a woman's equal rights to include sexual relationships. It seemed that infidelity was included among these "rights." Her admirers culled quotations from her poetry that, while seeming to be among the most clever, were also among the least sincere. These epitomize the apparent lack of emotional range displayed in her verse. The techniques and topics that many of her verses tackle are as follows: "bitterness, humor, wit, and love" (Adams 519), together with an absolute foreknowledge of their futility. Love, especially, plays a major role as a theme of Parker's verse. Many poems are relating to love and loneliness or death as results of love. Parker once said of an actress in a review of a play that she "runs the gamut of em...